SKYX Platforms (NASDAQ: SKYX) reported a 48% year-over-year revenue increase, reaching $86.3 million in 2024, including a record $23.7 million in fourth-quarter sales. The company narrowed its net loss to $0.36 per share, improved gross profit to $24.6 million, and reduced general and administrative expenses by $5.7 million. SKYX ended the year with $15.5 million in cash and secured an additional $1.45 million in March 2025 funding. Management projects the company will achieve positive cash flow in the second half of 2025, driven by growing demand for its smart home plug & play technologies and strategic partnerships with major retailers and developers.
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About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.
NOTE TO INVESTORS: The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX
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